Howdy HR friends!👋

Hope you’re all having a relaxed Friday and looking forward to the weekend!

On Tuesday, we talked about the rise of the gig economy — with one in three Americans now relying on them just to cover essentials. This side hustle trend is a glaring red flag that your compensation strategy may just not be cutting it. For HR, that’s a warning light flashing on the dashboard.

Coming back to the Friday 5 - five articles, five takeaways. Five minutes away from the chaos to grab a coffee and get caught up on everything that’s been happening in HR this week!

Let’s jump in shall we?

🚦Coming up

In today’s edition

🚀 Musk's trillion-dollar payday approved

☕ Starbucks baristas ready to strike

💼 NYC's $30 minimum wage proposal

👶 Paternity leave disclosure derails promotion

📉 October layoffs hit 22-year high

Today’s edition is presented by SelectSoftware Reviews

Trapped In A Bad HRIS or ATS System?

Thousands of HR teams are using outdated HRIS and ATS systems that slow down that teams’ progress. That’s why smart HR pros trust and rely on SSR’s free HR software matching service to quickly find modern HR tools that actually work.

Why HR Teams Trust SSR:

• ✅ 100% free, with zero sales pressure

• ✅ 2-3 tailored recommendations from 1,000+ options

• ✅ Rated 4.9/5 by HR teams and trusted by 15,000+ companies

Get matched with the HRIS, ATS, or Payroll system for your team, in just a few clicks, and totally free.

💭The Friday Five

Tesla just approved the wildest performance bonus ever

🤖 Tesla shareholders bet big on Musk's robot dreams. Elon Musk secured approval for a pay package worth up to $1 trillion, tied to ambitious milestones including 20 million vehicle deliveries and 1 million robotaxis in operation.

🔗 Read more - Reuters

☕ Starbucks faces holiday strike threat over contract stalemate. Over 9,000 unionized baristas voted to authorize an open-ended strike starting November 13 if no contract is reached, potentially disrupting the busy Red Cup Day.

🔗 Read more - The Guardian

💵 NYC mayor-elect proposes $30 minimum wage by 2030. Zohran Mamdani's platform includes phasing in nearly double the current $16.50 rate, alongside banning noncompetes and providing universal childcare for working parents.

🔗 Read more - HR Brew

👶 Zurich employee claims promotion vanished after mentioning paternity leave. A 20-year veteran lost a global leadership role weeks after disclosing leave plans, then was fired six days after returning from medical leave.

🔗 Read more - HRD America

📊 October layoffs reach highest level since 2003. Job cuts jumped 175% year-over-year to 153,074, with researchers calling Q4 layoffs "particularly cruel" as companies slash headcount before the holidays.

🔗 Read more - HR Dive

For easy reading

That’s it for today.

Thanks for reading to the end and we hope today’s edition helped saved you a few hours in scouring the web for the latest news! 🧠

We know you’re super busy and as ever, we really appreciate you saving some room for us in your inbox 😀

Have a great weekend!